Preliminary Title Report. A report issued by a title insurance company in anticipation of issuing a Title Insurance policy which evidences existing liens and gives a preliminary opinion as to the absence of any encumbrance on title to a Mortgaged Property, except liens to be removed on or before purchase or refinance, as the case may be, by the Borrower and Permitted Encumbrances.
Preliminary Title Report means the preliminary commitment for title insurance committing to insure marketable fee simple title as of the date of the Closing, subject only to the Permitted Liens.
Preliminary Title Report shall have the meaning given to such term in Section 4.1(b) hereof.
Examples of Preliminary Title Report in a sentence
To the best of the County's knowledge, the Property is subject only to the encumbrances listed in the Preliminary Title Report and such encumbrances approved by the Parties and recorded concurrently with the Memorandum of Lease.
More Definitions of Preliminary Title Report
Preliminary Title Report shall have the meaning set forth in SECTION 7.1.
Preliminary Title Report shall have the meaning set forth in Section 2.2(d).
Preliminary Title Report means a title report prepared by a company qualified to issue a Lender’s Title Insurance Policy that sets forth (i) the legal description of the Mortgaged Premises and (ii) the status of title to the Mortgaged Premises as of the stated effective date of such title report.
Preliminary Title Report means a standard preliminary title report with respect to the Agency Parcels, together with legible copies of the documents underlying the Exceptions.
Preliminary Title Report is defined in Section 304.5 of this Agreement.
Preliminary Title Report. PRELIMINARY TITLE REPORT" has the meaning set forth in SECTION 6.11 "Title to Real Property and Leased Property."
Preliminary Title Report means an ownership and encumbrance search conducted by a title agent with respect to the Mortgaged Property. Any review or acceptance by Lender of such Preliminary Title Report shall not operate to modify or waive any provisions of the Lender Procedures regarding closing procedures or title exceptions. Lender reserves the right to require satisfaction or removal of any title exception that is unacceptable to Lender.